720 Fernleaf Avenue

Corona del Mar, CA 92625

$2,395,000
Last Sold Price
—
Beds
2,250 Sq. Ft.
$1,064 / Sq. Ft.
2,250
Sq. Ft.
$1,064
per Sq. Ft.

Description

Incredible income opportunity. The smart way to own a second home. Located on a premium Corner lot in the beautiful village of Corona Del Mar, this gorgeous newly constructed front corner unit pairs classic design with modern amenities thoughtfully selected for a buyer with distinguished taste. An open and inviting Great room includes gorgeous wide-panel French oak wood flooring, La Cantina folding Doors leading to a relaxing front patio. Chefs dream kitchen featuring a large stunning Calcutta marble...Incredible income opportunity. The smart way to own a second home. Located on a premium Corner lot in the beautiful village of Corona Del Mar, this gorgeous newly constructed front corner unit pairs classic design with modern amenities thoughtfully selected for a buyer with distinguished taste. An open and inviting Great room includes gorgeous wide-panel French oak wood flooring, La Cantina folding Doors leading to a relaxing front patio. Chefs dream kitchen featuring a large stunning Calcutta marble island with breakfast bar complete with custom cabinetry and professional grade appliances. In addition to three spacious additional bedrooms, the master retreat features access to a private wrap around balcony, walk in closet, and a lavish master bathroom complete with soaking tub, stone rainshower, and dual vanities. Entertaining is a breeze with an abundance of outdoor living spaces, including a large front patio with firepit and seating area, wraparound balcony off the master retreat, and a coveted ocean-view rooftop deck revealing breathtaking views of Newport harbor, jetty, and Catalina Island beyond. Hard to come by Side by side 2 car direct access garages. Located near Fashion Island, shops and restaurants, and the beach, this home is the perfect environment for a tranquil, coastal lifestyle.
  1. Listed by Roger Rydman • DRE #00389514 • Home & Castle Realty, Inc.

Property Details for 720 Fernleaf Avenue

Architectural Style
Contemporary
View
Catalina, Ocean, Panoramic
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air
Building Type
Attached
Lot Size Source
Appraiser
Living Area
2250
LISTING UPDATED: 12/01/2016 01:22 AM

Property Details for 720 Fernleaf Avenue

StatusClosed
MLS #PW16706913
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2016
Lot Size0.08 AC / 3,540 SF
CountyOrange County

Building Information for 720 Fernleaf Avenue

Stories3Residences-Year Built2016Building Size-Lot Size0.08 AC / 3,540 SF

Property Information for 720 Fernleaf Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $170,450
  • Gross Scheduled Income: $175,000
  • Net Operating Income: $170,450
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $1,000
  • New Taxes Expense: $0
  • Electric Expense: $1,200
  • Insurance Expense: $1,000
  • Trash Expense: $0
  • Water Sewer Expense: $600
Tax / Assessment Info
  • Tax Block: 733
  • Tax Tract Number: MM
  • Tax Census Tract: 627.01
  • Tax Lot: PCL1
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors, Customized Wheelchair Accessible
  • Disability Access: 2+ Access Exits, 32 inch or more wide doors
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Appliances: 6 Burner Stove, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Disposal, Gas Range, Indoor Grill, High Efficiency Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Warming Drawer, Water Line to Refrigerator
  • Equipment: Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup, Hood Fan, In Closet, Inside, Microwave, On Upper Level, Refrigerator, Vented Exhaust Fan, Water Line to Refrigerator
  • Interior Features: 2 Staircases, Balcony, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Copper Plumbing Full, Furnished, High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting, Stone Counters, Storage, Wired for Data
  • Room Type: Family Room, Kitchen, Main Floor Bedroom, Master Suite, Multi-Level Bedroom, Two Masters, Walk-In Closet
  • Bathroom Features: Low Flow Toilet(s), Shower Over Tub, Shower Stall
  • Bedroom Features: Main Floor Bedroom, Master Suite, Multi-Level Bedroom, WalkInCloset
  • Room Kitchen Features: Kitchen Island, Kitchen Open to Family Room
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, In Closet, Inside, Upper Level
  • Fireplace Features: Family Room, Living Room, Outside, Patio, Gas, Fire Pit
  • Fireplace Rooms: Exterior, Family Room, Fire Pit, Gas, Living Room, Patio
  • Cooling: Central Air, High Efficiency, SEER Rated 16+
  • Heating Type: Central
  • Heating: Central, ENERGY STAR Qualified Equipment
  • Flooring: Wood
Exterior Features
  • Door Features: Sliding Doors
  • Roof: Shingle
  • View Description: Catalina, Ocean, Panoramic
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Park Nearby, Sprinkler System, Walkstreet
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned, Direct Entrance, Side By Side
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Assigned, Direct Garage Access, Side by Side
Property / Structure Info
  • Builders Tract Name: Corona del Mar North of PCH
  • Builders Tract Code: Corona del Mar North of PCH (CNHW)
Unit Information
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 720 Fernleaf Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 720 Fernleaf Avenue

Taxable ValueLand$2,194,703Additions$530,396Total$2,725,099
Tax Record2024$29,062 ($2,422 / month)
Home Facts
Beds4Baths4Total Finished SqFt1,961 SqFtAbove Grade Finished SqFt1,961 SqFtStyleCondominiumYear Built2016CountyORANGEAPN938-016-44

Schools near 720 Fernleaf Avenue

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 12
Public - 9 to 12
Rating
School
Distance
Harbor View Elementary School
PublicK to 6

Corona Del Mar High School
Public7 to 12

Monte Vista High School
PublicK to 12

Back Bay High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Home & Castle Realty, Inc., Roger Rydman, DRE #00389514

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.